HOUSING MARKET CONDITIONS CONTINUE TO FAVOUR HOME BUYERS
The Real Estate Market appears to be dealing with a lot of economic variables that should lead to dwindling demand and subsequent price corrections. Some of these variables include the new foreign ownership tax, new Property Transfer Tax structure, tougher lending requirements, increasing mortgage rates, and increasing CMHC fees. However, as I glance at the MLS Home Price Index, the residential co... read more.
Below are some changes slated to hit the mortgage market in 2017. I received this from an awesome mortgage broker (contact details below if anyone is looking)... The mortgage environment has already seen a lot of movement in 2017, here is a quick debrief of the three big changes thus far.
- Today CMHC announced they will be raising their premiums starting March 17, 2017. We are expecting the other in... read more.
I just received this across my desk from a mortgage broker I have worked with in the past. It helped me to clarify some of the new changes ahead, so hopefully it does the same for you. If you are looking for a great mortgage broker Zaheed is the guy to talk to. He works hard to stay on top of changing rules in the industry, he can tailor a mortgage to suit your needs, and he works for you so you g... read more.